Baz Luhrmann will explore the world of street music in 1970s New York with "The Get Down" on Netflix.

Director Baz Luhrmann is the latest major filmmaker to bring his next project to a streaming service. "The Get Down," the story of a group of South Bronx kids maneuvering through the music scene of 1970s New York City, will premiere on Netflix in 2016.

Luhrmann, the director of the highly stylized "Great Gatsby" remake and the musical "Moulin Rouge," will direct the first two episodes and the season finale of the series.

He will executive produce alongside his wife and production designer Catherine Martin and playwright Stephen Adly Guirgis. Other executive producers include Paul Watters, Thomas Kelly, "The Shield" creator Shawn Ryan and Marney Hochman.

Luhrmann's interest is taking his rag-tag group of teenage performers through the decadent world of a city on the brink of insolvency, hitting all the major musical milestones of the era, including the SoHo art scene, CBGB, Studio 54 and even the just-built World Trade Center.

Luhrmann will have company in this milieu, however. Martin Scorsese, Mick Jagger and Terence Winter are serving as executive producers on an upcoming HBO series also set in the music world of New York City in the 1970s. The HBO series, which got picked up by the channel in December, will focus on the music business and will star Bobby Cannavale, Olivia Wilde, Ray Romano and Juno Temple.